This multi-functional grappling hook can do a lot more than pincer up money for the coin laundry (though, in the style of the Claw Crane arcade game, it can do that too.) The assembly has a magnetic hook that itself can latch onto objects up to 55 pounds, and the tool as a whole can clasp and haul weights of up to 770 pounds. On its own it weighs about 11-1/2 ounces.